DongGuan Winnerway Industry Zone Balance Sheet Health
Financial Health criteria checks 4/6
DongGuan Winnerway Industry Zone has a total shareholder equity of CN¥1.7B and total debt of CN¥328.3M, which brings its debt-to-equity ratio to 19.8%. Its total assets and total liabilities are CN¥2.3B and CN¥619.4M respectively.
Key information
19.8%
Debt to equity ratio
CN¥328.30m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥279.94m |
| Equity | CN¥1.66b |
| Total liabilities | CN¥619.36m |
| Total assets | CN¥2.28b |
Financial Position Analysis
Short Term Liabilities: 000573's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥439.2M).
Long Term Liabilities: 000573's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥180.1M).
Debt to Equity History and Analysis
Debt Level: 000573's net debt to equity ratio (2.9%) is considered satisfactory.
Reducing Debt: 000573's debt to equity ratio has reduced from 44.4% to 19.8% over the past 5 years.
Debt Coverage: 000573's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 000573's interest payments on its debt are well covered by EBIT.